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Monday, June 5, 2023

Audacy Inc. (NYSE: AUD) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Audacy Inc. (AUD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0002, or -0.15%, to $0.1365. The Audacy Inc. has recorded 1,038,508 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Audacy Reports First Quarter Results.

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Stocks Info

The company is listed on the NYSE and operates within the Broadcasting industry segment. At the end of the last regular session, the stock closed at $0.14 and fluctuated between $0.1830 as its day high and $0.1325 as its day low. The current market capitalization of Audacy Inc. is $21.06M. A total of 43.31 million shares were traded on the day, compared to an average of 2.08M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AUD has seen 13 BUY and 3 SELL insider trades, representing the acquisition of 1,680,000 and the disposition of 5,874 shares. Over the last 12 months, there were 21 BUYs and 13 SELLs from insiders. Insiders purchased 2,402,670 shares during that period but sold 41,415.

In the most recent transaction, Crowley John David bought 100,004 shares of AUD for 0.30 per share on Nov 30. After the transaction, the EVP & Chief Digital Officer now owns 468,756 company shares. In a previous transaction on Sep 23, FIELD DAVID J bought 49,175 shares at 0.41 per share. AUD shares that Chairman, President and CEO owns now total 1,944,388.

Among the insiders who bought shares, FIELD DAVID J acquired of 48,491 shares on Sep 21 at a per-share price of $0.43. This resulted in the Chairman, President and CEO holding 1,895,163 shares of AUD after the transaction. In another insider transaction, FIELD DAVID J bought 50,000 shares at $0.41 per share on Sep 20. Company shares held by the Chairman, President and CEO now total 1,846,672.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AUD in the last 3 months, the mean price target is $0.18 with high estimates of $0.25 and low estimates of $0.10. In terms of 52-week highs and lows, AUD has a high of $2.11 and a low of $0.09.

As of this writing, AUD has an earnings estimate of -$0.16 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.19. The company reported an EPS of $0.09 in the last quarter, which was 28.60% higher than expectations of $0.07.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AUD’s latest balance sheet shows that the firm has $59.44M in Cash & Short Term Investments as of fiscal 2021. There were $2.06B in debt and $233.78M in liabilities at the time. Its Book Value Per Share was $3.80, while its Total Shareholder’s Equity was $652.21M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AUD is Buy with a score of 3.00.

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